By providing guarantees worth $ 1.4 billion theÂ Department of Energy significantly helped the installation of solar panels on the roofs of industrial facilities across the United States. The project aims to install 733 megawatts (MW) of photovoltaic (PV) solar panels, equivalent to the total installed capacity in the US in 2010. Electricity produced in these

By providing guarantees worth $ 1.4 billion theÂ Department of Energy significantly helped the installation of solar panels on the roofs of industrial facilities across the United States.

The project aims to install 733 megawatts (MW) of photovoltaic (PV) solar panels, equivalent to the total installed capacity in the US in 2010. Electricity produced in these panels will supply the power grid directly and will not be used in buildings.

“The purpose of this project is not only in the production of clean, renewable energy, but also to achieve the SunShot goal that binds us to achieve competitive prices of solar energy more precisely to equate them with the prices of other forms of energy by the end of the decade”, said Mr. Chu, Secretary of Energy.

“In addition, the project will create at least a thousand jobs across the United States and increase our global competitiveness in the race for clean energy,” said Chu. It is expected that this project will produce up to one million megawatt hours per year, which is enough electricity for about 88,000 households. Within the program, there are 20 productionÂ projects that will produce the solar systems to generate 29 million megawatt-hours per year, enough to supply more than two million households with electricity.

Project Amp is a program that has set aside $ 12 billion loan guarantees for solar manufacturing projects. DOE has also pledged the financial support of other projects such as three geothermal project and the world’s largest wind farm.